DERIVATIVES AND HEDGING ACTIVITIES: (Tables)

3 Months Ended

Mar. 31, 2015

DERIVATIVES AND HEDGING ACTIVITIES:

Schedule of fair value of derivative contracts

	Derivative Assets Reported in Other Current Assets				Derivative Liabilities Reported in Other Current Liabilities
	March 31, 2015		December 31,  2014		March 31, 2015		December 31, 2014
	(in thousands)
Foreign exchange contracts designated as cash flow hedges	$	—	$	—	$	3,272	$	3,562
Total derivatives designated as hedging instruments	$	—	$	—	$	3,272	$	3,562

Schedule of designated derivative contracts as cash flow hedges and their impact on OCI

The following table presents the balance of designated derivative contracts as cash flow hedges as of March 31, 2015 and December 31, 2014, and their impact on OCI for the three months ended March 31, 2015 (in thousands):

December 31, 2014	$	(3,646	)
Amount of loss recognized in OCI (effective portion)	(1,899		)
Amount of loss reclassified from OCI to income (effective portion)	2,273
March 31, 2015	$	(3,272	)

Effect of derivative contracts on the condensed consolidated statement of operations

	Three Months Ended  March 31,
	2015			2014
	(in thousands)
Gain (loss) on foreign exchange contracts designated as cash flow hedges	$	(2,273	)	$	700